There have certainly been better times to watch your financial wallet.
“I was only meeting my accountant,” said Shannon Matheson, resident of Calgary.
“Things are in the least … it’s ouch.”
“It’s not great,” said Darrin Ambrose, another Calgary resident.
The thousands of billion were lost in the world stock market Since the United States administration Trump has announced reprisals on dozens of countries – leading to economic volatility, a bad feeling and a lot of red on index screens around the world.
The Canadian dollar, the Toronto Stock Exchange (TSX) and crude oil all finished lower on Monday, despite a previous rally.
Adding to frustration for investors, the fact that the return happens – which is why it happened.
“The difference here is that it is a manufactured situation,” said Darren Cooper, main investment advisor for Wellington-Altus’s private wealth in Calgary.
The 500 main companies in the United States have lost a year of value in three days of negotiation since the announcement of Donald Trump on Wednesday, April 2.
The American president has shown few signs of reversal on generalized prices taken from nations around the world, despite increasing pressure on the financial markets.
“There were decisions that had binary results that turned things up to this negative situation,” said Cooper.
“The reality is that it is a very narrow set of people to make an ad that could change this point of view.”
Telephones sound in Cooper’s office as its customers are trying to manage the current situation.
“We are aware of things, we pay particular attention to what is changing – which is more worrying about the facts.”
Get national news
For news that has an impact on Canada and worldwide, register for the safeguarding of news alerts that are delivered to you directly when they occur.
“You want to make sure you work hand in hand with your customers, making sure they are not too worried, things are missed.”
But Cooper admits that people in his workline find it difficult to decipher what could come from the White House, and how it could have an impact on people’s net value.
“If someone presents himself with us, we want to make sure that he is convinced that he is doing well.”
Similar conversations also occur in the Calgary counseling and psychologist offices.
“This may not be the first thing that is mentioned on consumption, but ultimately (finances) end up being part of the service we provide,” Sarah Rosenfeld told Calgary Counselling Center.
“The piece that is generally useful for people is that thematically, we all see some (impacts).”
Rosenfeld says that many people feel isolated when they are dealing with a catastrophic situation such as a spectacular loss in their net value.
But the widespread nature of this particular market development can also bring people together.
“In the absence of a connection, they believe that it does not happen to them.”
“No one is immune to what’s going on – it’s just that some people do not see it as an opportunity to connect.”
Calgarians say they manage losses – and emotions – in different ways.
“I have two monitors at work: one is Yahoo Finance and the other is my work,” said Ambrose. “I try to make decisions based on facts and techniques … You learn to manage these things, but it’s never exciting when they happen.”
“I am an eternal optimist,” said Matheson.
“I’m a little younger, so I have time to wait … it’s part of the way, it goes up and it goes down. Will it go up (still)? I hope.”
The advisers are also aligned in their suggestions.
“There are still beautiful things that happen around you,” said Rosenfeld. “There are still nice people in the world. Trying to find moments to just share a smile with someone can make a big difference for a really difficult period. ”
“I can’t say that I slept the best I have ever slept last week,” admits Cooper.
“But at the end of the day, I still have my two daughters, my wife and my dog and I can go and relax with them for many days that it persists.”
Donald Trump frequently boasted of stock market gains during his first mandate, and the threat of losses to Wall Street was considered a potential railing on risky economic policies in his second mandate.
But that was not the case, and Trump described days of financial pain if necessary.
“I don’t mind going through it because I see a beautiful photo at the end,” he said.
The republican president has remained provocative despite the fears that he could push the United States to a recession, insisting that his prices are necessary to rebuild national manufacturing and the reset of trade relations with other countries.
– with files from the Associated Press
& Copy 2025 Global News, A Division of Corus Entertainment Inc.